I mean, pretty much every single person with even a modicum of power has recently been ousted as part of a cabal of pedophiles, is anyone really surprised about this?
My guess is they're setting up a narrative to claim this whole AI bubble wasn't a giant grift and they would've been profitable if it weren't for those dang Chinese people distilling their models and giving them out for free.
Maybe that's because most jobs are Graberesque bullshit jobs where "high performance" is meaningless.
Most jobs shouldn't exist at all. The value captured by "firms" should instead be captured by the state and distributed peanut butter style to everyone.
How exactly should the state "capture" value generated by these firms? Would it pay the employees more? What would the competitive advantage be? If the jobs are bullshit, why wouldn't some other firm capture the same value without those jobs, making even more profit with less overhead?
> Imagine the conversation New York legislators could have had if every robotaxi ride generated a cryptographically signed, tamper-evident record of the vehicle's behavior — independently verifiable by any regulator, auditor, or safety agency.
This is putting the cart before the horse. The problem with autonomous vehicles is that there's no standardized third party test suite to validate and certify ahead of time and periodically that the vehicles are capable of behaving correctly in all road conditions even with their sensors degraded as will happen over time.
This kind of validation should be done by the state or a neutral third party like UL in the US before a single vehicle is allowed on public roads.
Without it they're just unleashing multi-ton weapons on the streets with no guarantee they'll perform adequately. The problems with this were evident in SF when the blackout happened and the Waymos clogged up the roadways. If that happens during a real emergency and blocks the roadways it could result in thousands of deaths.
Autonomous vehicles are a bad idea anyway for the reasons in this video[1].
The cart is before the horse in some instances, but each state and each city will approach risk a little differently. Cities like SF and Austin are willing to take bigger risk without data, other states and cities will want the data from the risk taking cities to see.
I agree though, these products should be certified ahead of time by industry standards. That is what PhyComp will help accomplish.
I thought it was so so. The first ten minutes are saying like maybe these self driving cars are dangerous, ignoring that with Waymo the accident rates are about 1/3 that of human driven. Most of the rest is saying letting traffic dominate cities is bad but that's not a self driving thing. They may work quite well with public transport - it's easier to ban most cars and say take the train if there are cheap 24 hour robotaxis from the station.
I'm not so sure VXUS will protect from the AI bubble popping since ~10% of its holdings are TSMC, ASML, Samsung, Tencent, Alibaba, and SK Hynix which are all way overvalued due to the AI bubble and will most likely crater when it becomes clear the LLM companies have no business and the data center lenders start calling in their debts.
Sure, they won't go to 0 but they will certainly go down once it becomes clear the LLM companies don't have money to pay for chips or RAM. That will cause VXUS to go down as well but much it goes down is anyone's guess.
Drawdown will be limited compared to the S&P500 or other indexes that weight the Mag 7 heavily. I'm unsure what your point is? It's impossible to predict the future, but it is trivial and straightforward to derisk against this current market environment ("AI bubble") with a basic level of capital market understanding.
I second that. This website, including its look and layout, appears to be a copy of some more prominent indieweb ones that have been frequently featured here, filled with what seems to be almost entirely copied and/or LLM generated content.
